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FAQs - What is the impact of the new language on license applicants?

The new language will allow BIS and its interagency partners to process license applications more efficiently, thereby facilitating business activities. License applicants should note that the new language clarifies that BIS's licenses authorize the transaction(s) described in the license application and any letters of explanation. Therefore, license applications submitted with specific and detailed information will be processed more efficiently than those sibmitting general or incomplete information.

Additionally, the new language specifies that license applicants are required to inform the other parties to the license of the license's scope and of any license condition(s) applicable to the individual party. License applicants who have not routinely informed other parties to the license of such information should implement procedures to ensure that such notifications occur for all licenses.